BREAKING NEWS

Elections / 'War' in PD and CEC, Ilirjan Celibashi 'sinks' Sali Berisha, the last details are revealed

Elections / 'War' in PD and CEC, Ilirjan Celibashi 'sinks'
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BREAKING NEWS

The former football player of the National Team, Armand Duka, is passing away. I give the TRAGIC news: A personality with many values ??that we will all miss!

The former football player of the National Team, Armand Duka, is passing away. I
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BREAKING NEWS

"They left the brain of the head", Kreshnik Spahiu publishes to Ilir Meta the video that is breaking the network

"They left the brain of the head", Kreshnik Spahiu publishes to Ilir
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BREAKING NEWS

This is the city in our country that wakes up all frozen! Temperatures drop to -18 degrees Celsius

This is the city in our country that wakes up all frozen! Temperatures drop to
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BREAKING NEWS

PD MP Luciano Boci in mourning, shares the sad news: Shine in paradise my friend, my good friend and colleague!

PD MP Luciano Boci in mourning, shares the sad news: Shine in paradise my
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BREAKING NEWS

Temperatures below zero and are expected to go -17 degrees accompanied by heavy snowfall, Rama in the early hours of the morning makes the important announcement and brings out images of what is happening in the country

Temperatures below zero and are expected to go -17 degrees accompanied by heavy
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BREAKING NEWS

The event that shocked Albania / Artan Hoxha publishes the photos and comes out with the strong statement: The real martyrs are you, tomorrow I will ...

The event that shocked Albania / Artan Hoxha publishes the photos and comes out
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BREAKING NEWS

Shkëlqim Hajdari reveals the details of the investigation for "January 21": The FBI found out that the Guard shot to kill, how the file and the police-prosecutor conflict were blocked

Shkëlqim Hajdari reveals the details of the investigation for "January
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Ekonomia

IMF criticizes government: Transparency needs for earthquake and pandemic funds, no clear data on concessions

IMF criticizes government: Transparency needs for earthquake and pandemic funds,

The International Monetary Fund has criticized the concessions. A recent report on Albania by the International Monetary Fund states that there is a lack of information on PPPs, which makes it difficult to assess their management. The IMF states that there is no detailed and accurate information on PPPs and it is a major challenge for the government. "The lack of clear data on government exposure makes it difficult to evaluate and effectively manage PPPs. Limited information on government actual exposure to PPPs is a major challenge. "Government guarantee schemes for the private sector are currently under discussion, and the growing support of state-owned enterprises, especially in the services sector, by sovereign guarantees and occasional budget support also add to fiscal risks." says the IMF report. Among other things, in the report the International Monetary Fund has warned about the increase in fiscal risks of the country and the lack of accurate data on public-private partnership projects. According to the report, there should be a revival of reforms in some sectors. According to the IMF, Albania should make efforts to better monitor and manage growing fiscal risks. "In this context, it is important to revive the electricity and water sector reforms that have been delayed in recent years, in order to "They help reduce fiscal risks and climate-related vulnerabilities."

Debt management

Meanwhile, the International Monetary Fund has also recommended strengthening cash and debt management, taking into account the government's plans for continued access to international markets. The report says that our country needs refinancing, while emphasizing that it needs a strong strategy in terms of debt management. "Albania needs large refinancing, small domestic markets, a significant part of foreign trade debt with large repayments and large domestic arrears. "A strong debt management strategy is needed to guide government decisions on foreign trade borrowing, which is subject to risk of repayment and the exchange rate," the report said. Also, the IMF says, that strengthening the credibility of the budget and fiscal framework will be crucial to maintaining market confidence and reducing borrowing costs. The IMF has criticized the constant change of budgets with normative acts, which are created to be used only in emergency circumstances. The fund also draws attention to the latest change in July through a normative act, which postponed the achievement of a primary zero deficit from 2023 to 2024 and the suspension of fiscal rules in 2021. The IMF recommends that changes related to the design and implementation of the state budget should occur only through normal parliamentary procedures and the use of normative acts to change the budget annually should be discontinued, except in emergency circumstances. The IMF has criticized the constant change of budgets with normative acts, which are created to be used only in emergency circumstances. The fund also draws attention to the latest change in July through a normative act, which postponed the achievement of a primary zero deficit from 2023 to 2024 and the suspension of fiscal rules in 2021. The IMF recommends that changes related to the design and implementation of the state budget should occur only through normal parliamentary procedures and the use of normative acts to change the budget annually should be discontinued, except in emergency circumstances. The IMF has criticized the constant change of budgets with normative acts, which are created to be used only in emergency circumstances. The fund also draws attention to the latest change in July through a normative act, which postponed the achievement of a primary zero deficit from 2023 to 2024 and the suspension of fiscal rules in 2021. The IMF recommends that changes related to the design and implementation of the state budget should occur only through normal parliamentary procedures and the use of normative acts to change the budget annually should be discontinued, except in emergency circumstances.